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Tect Trends and Resources for the Independent Agent

News & Views

for the week of May 31

Insight + Analysis for the Independent Agent

President Biden Includes Retroactive Tax Increase in Budget Proposal
President Biden Includes Retroactive Tax Increase in Budget Proposal
Important for Big “I" members, the budget includes proposals to increase the corporate tax rate, capital gains tax and an end to the "stepped-up basis" allowing the tax free passing of investments to heirs after death.

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FEMA Releases New Guidance on Risk Rating 2.0
The new information provides localized rate analysis at the zip code level for all 50 states and the District of Columbia, as well as flood mitigation actions for policyholders.
Lumber Prices Up 42% YOY as Construction Costs Continue to Rise
Lumber Prices Up 42% YOY as Construction Costs Continue to Rise
The construction industry has seen significant disruptions over the course of the pandemic, including a continued increase in costs of construction materials.
FEMA Announces New Risk Rating 2.0 Webinars for Agents
FEMA Announces New Risk Rating 2.0 Webinars for Agents
The National Flood Insurance Program will be hosting a number of Risk Rating 2.0 - Equity in Action webinars designed for insurance agents throughout June and July.
Does a Workcation Create Workers Comp Issues?
Does a Workcation Create Workers Comp Issues?
With the coronavirus pandemic untethering many office workers from a central office location, some unexpected workers compensation issues have been created.
Allstate to Acquire SafeAuto, Progressive Finalize Protective Deal
Allstate to Acquire SafeAuto, Progressive Finalize Protective Deal
The acquisition will allow SafeAuto to grow its platform in the non-standard space. Additionally, Progressive finalized the acquisition of transportation insurer Protective Insurance Corp. ahead of schedule.
Spring Clean: How Long Should You Retain Documents in Your AMS?
Spring Clean: How Long Should You Retain Documents in Your AMS?
Differences between federal and state record retention rules as well as those included in carrier contracts may lead to uncertainty.
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ACT Needs Your Input on Fall Meeting Topics
What do you want to learn at the 2021 Agent Council for Technology (ACT) fall meeting?
New Webinar Series: Website Wording Liabilities
Attend new webinar series to learn how your agency's website wording can put it at risk. 
Share Selective’s Hurricane Prep Guide
With another above-average hurricane season predicted, the guide offers key hurricane preparation tools for clients.
Protect Tech Clients with Travelers BOP
The Travelers business owners policy can help you serve software developers, internet service providers and more.
June Independent Agent Issue Available Online
Check out Independent Agent magazine’s feature on how property-casualty agencies could be missing out by ignoring the life-health market.
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